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3 Technology Stocks Dragging The Sector Down

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the
Dow Jones Industrial Average (
^DJI) trading up 161 points (1.1%) at 14,992 as of Friday, May 3, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,292 issues advancing vs. 653 declining with 100 unchanged.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3.
Telekomunikasi Indonesia (Persero) Tbk (
TLK) is one of the companies pushing the Technology sector lower today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is down $1.15 (-2.4%) to $46.85 on light volume Thus far, 47,572 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 215,800 shares. The stock has ranged in price between $46.76-$47.10 after having opened the day at $47.01 as compared to the previous trading day's close of $48.00.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides network and telecommunication services in Indonesia and internationally. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $22.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 29.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.